Determine Whether the Statement Is True or False

question 139

True/False

Determine whether the statement is true or false.
-For any odd natural number n: If you square the nth term of the Lucas sequence and add 2 you will obtain the (2n)th term of the Lucas sequence.

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Definitions:

Consumer Surplus

The contrast between the total payment consumers are willing and financially able to make for a good or service and the amount they truly pay.

Producer Surplus

The discrepancy between the price producers agree to sell a good for and the price they actually end up receiving.

Economic Efficiency

A condition in which resources are allocated in the most effective way possible, maximizing outputs from given inputs without waste.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, reflecting an optimal distribution of resources.